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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday April 3, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

So far most selling in stock index futures are met with volume buying at lower levels. I wish I had an idea of how long this would last….but I don’t. What can change the dynamics are the few employment reports we have this week. Starting with tomorrow ADP report, Thursday weekly report and non-farm payroll (the big report) this
Friday.
Be aware of when the different reports come out and their importance. I post the upcoming reports in this blog and I like using forexfactory.com as a source as well as when I do research about past reports.

 

GOOD TRADING!

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

 

support & resistance levels

 

 

 

 

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 3:53pm Currency Impact Detail Actual Forecast Previous Graph
WedApr 3 5:00am EUR CPI Flash Estimate y/y 1.6% 1.8%
8:15am USD ADP Non-Farm Employment Change 203K 198K
10:00am USD ISM Non-Manufacturing PMI 55.9 56.0
10:30am USD Crude Oil Inventories 1.8M 3.3M
5:00pm USD FOMC Member Bullard Speaks


This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in tradin
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Tags: > > Posted in: Future Trading News  

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